Oval has announced its second acquisition in a week. The company said it has acquired Coventry-based commercial broker Halkett for a mixture of cash and Oval shares.
Earlier this week Oval announced its expansion through the acquisition of Birmingham-based Beddis.
It's acquisition of Halkett, the company said, fits into its “evolutionary strategy.”
Halkett currently generates annual brokerage income of more than £2.1m from gross written premiums of approximately £15m.
Oval said the Halkett business will continue to be run by Bob Halkett and his core management team of Michael Neville, Cheryll Rawbone and Tony Hobbs.
